This has been an ongoing discussion going on between many nations. Some of it is just petty/political, some of it is because many nations fear a free fall in the USD (based on our national debt, triple deficits, etc). None of them want to be left holding the bag, should the dollar fall another 30 or 40 percent.
Maybe Toddler should have bought some gold last week. :^)
More nonsense you keep repeating but can never justify. Just like your babbling on about the fundamentals driving gold. Our annual national debt is just 2% of GDP. Historically, it's averaged about 2.7%. You've also never been able to explain -- at least not in any way that makes sense -- how the triple(?) deficits will cause the dollar to drop. Care to try again, or are you tired of being shown to have no idea what you're talking about?
should the dollar fall another 30 or 40 percent
Another 30-40%? Against what currency and over what time frame? Has the government not been able to sell any of it's debt instruments because of this fear of being left holding the bag?
What chart from goldbug Sinclair will you be using today?
(1) Rumors, (2)the Euro is now the cause of many economic problems across Europe and will lead to its case by case abandonment, probably beginning with Italy, followed by some of the new eastern EU states and when Britain goes back to the pound the Euro will be dead.
Since we have a lower Debt/GDP ratio than Germany, France or Holland, why not worry about a drop in the euro?